G.MARKETS
BTC$63,163.00+0.72%
LIVE
BTC$63,163.00▲ 0.72%ETH$1,774.59▲ 0.57%USDT$0.9990▼ 0.01%BNB$583.63▲ 2.24%USDC$0.9998▼ 0.01%XRP$1.14▲ 0.59%SOL$80.60▲ 0.19%TRX$0.3288▲ 1.31%FIGR_HELOC$1.01▲ 0.00%HYPE$71.60▲ 4.62%DOGE$0.0768▲ 1.21%USDS$0.9997▼ 0.00%RAIN$0.0151▼ 1.69%LEO$9.36▲ 2.10%ZEC$454.25▼ 0.01%ADA$0.1862▼ 1.92%XLM$0.1994▼ 0.96%WBT$56.99▲ 0.71%XMR$321.23▼ 2.83%LINK$7.96▲ 0.90%CC$0.1432▲ 3.31%LAB$16.28▲ 0.08%BCH$240.27▲ 0.60%GRAM$1.75▼ 0.76%DAI$0.9999▲ 0.01%USD1$0.9986▼ 0.03%USDE$0.9985▼ 0.01%LTC$45.09▲ 2.03%HBAR$0.0751▲ 0.20%USYC$1.13▲ 0.00%BTC$63,163.00▲ 0.72%ETH$1,774.59▲ 0.57%USDT$0.9990▼ 0.01%BNB$583.63▲ 2.24%USDC$0.9998▼ 0.01%XRP$1.14▲ 0.59%SOL$80.60▲ 0.19%TRX$0.3288▲ 1.31%FIGR_HELOC$1.01▲ 0.00%HYPE$71.60▲ 4.62%DOGE$0.0768▲ 1.21%USDS$0.9997▼ 0.00%RAIN$0.0151▼ 1.69%LEO$9.36▲ 2.10%ZEC$454.25▼ 0.01%ADA$0.1862▼ 1.92%XLM$0.1994▼ 0.96%WBT$56.99▲ 0.71%XMR$321.23▼ 2.83%LINK$7.96▲ 0.90%CC$0.1432▲ 3.31%LAB$16.28▲ 0.08%BCH$240.27▲ 0.60%GRAM$1.75▼ 0.76%DAI$0.9999▲ 0.01%USD1$0.9986▼ 0.03%USDE$0.9985▼ 0.01%LTC$45.09▲ 2.03%HBAR$0.0751▲ 0.20%USYC$1.13▲ 0.00%
ACTIVEEthena USDeUSDE→EthereumETH
USDE WOULD BE$48.26
MULTIPLIER▲ 48.3x
TARGET MCAP$214.18B
G.MARKETS/PAIR ANALYSIS·Ethena USDe logoUSDE→Ethereum logoETH· LIVE· as of 05:13 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap →

USDE WOULD BE
$0.00000000
currently $0.9985 · target mcap $214.18B
MULTIPLIER
▲0.00x

USDE needs a 48.3x move to match ETH's valuation

COIN PROFILES·USDE vs ETH
Ethena USDe logo
USDEUnverified
Ethena USDe
SOURCE

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

PRICE$0.9985
24H CHANGE▼ 0.01%
MARKET CAP$4.43BFDV $4.43B · Fully circulating
RANK#27
SUPPLY4.4B USDE
DOMINANCE0.15%
7d▼ 0.03%
VS
Ethereum logo
ETHVerified by G.MARKETS
Ethereum
TARGET

Ethereum is a global, open-source platform for decentralized applications.

PRICE$1,774.59
24H CHANGE▲ 0.57%
MARKET CAP$214.18BFDV $214.18B · Fully circulating
RANK#2
SUPPLY120.7M ETH
DOMINANCE7.14%
7d▲ 1.84%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
48.3x bigger
USDE$4.43B
ETH$214.18B
THE CLIMBEthena USDe logoUSDE→Ethereum logoETHMULTIPLIER▲ 48.3xGAP$209.75B
$10.00B$100.00B
Ethena USDe logo
SOURCEUSDE$4.43B
Ethereum logo
TARGETETH$214.18B
USD1 logo
USD1$4.59B
Gram (prev. Toncoin) logo
GRAM$4.76B
LAB logo
LAB$5.09B
Chainlink logo
LINK$5.96B
WhiteBIT Coin logo
WBT$6.73B
Cardano logo
ADA$6.94B
LEO Token logo
LEO$8.61B
USDS logo
USDS$10.13B
Hyperliquid logo
HYPE$15.93B
TRON logo
TRX$31.19B
XRP logo
XRP$71.09B
BNB logo
BNB$78.66B
log scale · mcap in USDJul 6, 2026
Ethena USDe logo
USDEEthena USDe
$4.43BSOURCE
USD1 logo
USD1
$4.59B
Gram (prev. Toncoin) logo
GRAM
$4.76B
LAB logo
LAB
$5.09B
Chainlink logo
LINK
$5.96B
WhiteBIT Coin logo
WBT
$6.73B
Cardano logo
ADA
$6.94B
LEO Token logo
LEO
$8.61B
USDS logo
USDS
$10.13B
Hyperliquid logo
HYPE
$15.93B
TRON logo
TRX
$31.19B
XRP logo
XRP
$71.09B
BNB logo
BNB
$78.66B
Ethereum logo
ETHEthereum
$214.18BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF USDE HIT ETH MCAP·TARGET $48.26
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 USDE$99.85$4,826.37+$4,726.52
Coffee money1K USDE$998.49$48,263.69+$47,265.19
Small bag10K USDE$9,984.92$482,636.86+$472,651.94
Real bag100K USDE$99,849.20$4,826,368.57+$4,726,519.37
Whale bag1M USDE$998,492.00$48,263,685.75+$47,265,193.75
Generational10M USDE$9,984,920.00$482,636,857.47+$472,651,937.47

FOR CONTEXT

$214.18B compared to the world
UnitedHealthUNH
$450.00B
ETH mcap is 47.6% of UnitedHealth
NetflixNFLX
$380.00B
ETH mcap is 56.4% of Netflix
UberUBER
$160.00B
ETH mcap is 1.34× Uber
NikeNKE
$130.00B
ETH mcap is 1.65× Nike
StarbucksSBUX
$100.00B
ETH mcap is 2.14× Starbucks
SpotifySPOT
$90.00B
ETH mcap is 2.38× Spotify
RELATED COMPARISONS·OTHER WAYS TO ASK
Ethena USDe logoUSDE→Bitcoin logoBTCVerified by G.MARKETS
$285.45▲ 286x
Ethena USDe logoUSDE→Tether logoUSDTVerified by G.MARKETS
$41.50▲ 41.6x
Ethena USDe logoUSDE→BNB logoBNBVerified by G.MARKETS
$17.73▲ 17.8x
Ethena USDe logoUSDE→USDC logoUSDCVerified by G.MARKETS
$16.41▲ 16.4x
Ethena USDe logoUSDE→XRP logoXRPVerified by G.MARKETS
$16.02▲ 16.0x
Ethena USDe logoUSDE→Solana logoSOLVerified by G.MARKETS
$10.55▲ 10.6x

About this comparison

This page compares the market capitalizations of Ethena USDe (USDE) and Ethereum (ETH). With Ethena USDe currently at $0.9985 per coin and a market cap of $4.43B, and Ethereum at $1,774.59 with a market cap of $214.18B, applying Ethereum's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $48.26 — a 48.3x move from current.

Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

Ethereum: Ethereum is a global, open-source platform for decentralized applications.

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If Ethena USDe had Ethereum's market cap, what would the price be?

If Ethena USDe (USDE) had Ethereum's (ETH) current market cap of $214.18B, each USDE would be worth approximately $48.26 based on the circulating supply of 4,437,669,742 USDE. That is 48.3x the current USDE price of $0.9985.

What is the current market cap of Ethena USDe?

Ethena USDe (USDE) currently has a market cap of $4.43B, ranking #27 by market capitalization. Each USDE trades at $0.9985.

What is the current market cap of Ethereum?

Ethereum (ETH) currently has a market cap of $214.18B, ranking #2 by market capitalization. Each ETH trades at $1,774.59.

How does USDE compare to ETH?

Ethena USDe's market cap of $4.43B sits well above Ethereum's $214.18B. For USDE to reach ETH's current valuation, the price would need to move 48.3x from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Ethena USDe's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.